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1R/185-191 Lennox Street, Richmond, Vic 3121-Image For Sale
1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Image 1R/185-191 Lennox Street, Richmond, Vic 3121-Floorplan

1R/185-191 Lennox Street, Richmond, Vic 3121

$950,000 - $1,040,000

Apartment
Type
3
Bedrooms
3
Bathrooms

Published on Tuesday, August 04, 2026 ( See property details for 1R/185-191 Lennox Street, Richmond, Vic 3121)

$950,000 - $1,040,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A rare and versatile three-apartment property in the heart of Richmond offering exceptional flexibility for living, investment, and income opportunities.

🏡 Property Highlights

  • Unique three-apartment property held under one title in Richmond
  • Flexible living options including owner-occupier, investor, or short-term rental
  • Includes two one-bedroom apartments and one studio apartment
  • Prime inner-city location with easy access to Melbourne CBD and amenities
  • Potential for multiple income streams from a single property
  • Rare opportunity to secure multiple residences within one building

✨ Key Features

  • Built-in Robes
  • Open-Plan Living
  • Waterfront / Views
  • NBN / High-Speed Ready
  • Fully fenced
  • Security Screens / Gates
  • Fly Screens
  • Pet-Friendly
  • Garage / Secure Parking
  • Outdoor Area / Balcony

Richmond is a vibrant inner-city suburb renowned for its lively cafés, diverse dining options, boutique shopping, and excellent public transport links. Its proximity to Melbourne's CBD makes it ideal for professionals and investors alike. The area boasts a rich cultural scene, sporting venues, and a strong community atmosphere. With ongoing development and urban renewal, Richmond offers a dynamic lifestyle and promising investment prospects.

Can I rent out each apartment separately for short-term or long-term stays?
Yes, subject to applicable rules and regulations, you can explore renting each apartment separately for both short-term and long-term accommodation options.
What are the potential uses for this property?
This property offers versatile options including owner-occupier living, multiple rental income streams, short-term accommodation, or a combination of these strategies.
Are there any restrictions on converting the apartments for different uses?
Conversion and usage are subject to local council regulations and applicable zoning laws. It is recommended to consult with relevant authorities for specific requirements.
What maintenance or management considerations are involved with owning multiple apartments under one title?
Ownership involves managing shared building aspects and individual apartment maintenance. It is advisable to consider professional property management services for optimal oversight.
Is there parking available for residents and guests?
Yes, the property includes secure parking options, with additional outdoor or on-street parking depending on the specific setup.
Are there any existing easements, covenants, or restrictions affecting the property? What are the strata or body corporate fees and responsibilities, if applicable? Are there any planned developments or zoning changes in the area that could impact the property? Has the property been inspected for structural issues or potential defects? Are there any ongoing or upcoming maintenance costs for shared facilities or building infrastructure? Is the property located in a flood-prone or bushfire risk area? Are there any noise or nuisance issues from neighboring properties or nearby construction? What are the council rates and other ongoing costs associated with the property? Are there any restrictions on short-term rentals or Airbnb-style accommodation? Is the property compliant with all relevant building codes and regulations?

1R/185-191 Lennox Street, Richmond, Vic 3121 - More Details

$950,000 - $1,040,000

Offering a truly rare opportunity in the heart of Richmond, this unique property comprises three separate apartments held under one title, creating an exceptional level of flexibility for owner-occupiers, investors and those seeking multiple income streams.
The offering includes two one-bedroom apartments and one studio apartment, providing a range of options rarely available in such a sought-after inner-city location. Live in one apartment while renting the others, lease all three for long-term income, or explore short-term accommodation options across some or all of the apartments, subject to applicable rules and requirements. Alternatively, secure the entire property as a multi-generational living arrangement or retain the flexibility to adapt your strategy over time.

Key Features
• Three separate apartments held under one title
• Comprises two one-bedroom apartments plus one studio apartment
• Exceptional flexibility for owner-occupiers and investors
• Live in one and rent the remaining apartments
• Rent all three for long-term investment income
• Explore short-term accommodation opportunities for one or more apartments, subject to applicable requirements
• Rare opportunity to secure multiple apartments within the same building and title
• Highly desirable Richmond location
• Potential for multiple income streams from one property

While each apartment provides its own private living environment, the real advantage is the flexibility of owning multiple residences within one title. The location places you within easy reach of Richmond's vibrant cafés, restaurants, shopping, entertainment and public transport, providing strong appeal for residents, long-term tenants and short-term guests alike.

Location
Positioned in the heart of Richmond, this property offers an enviable inner-city lifestyle with everything you need close at hand. Enjoy easy access to Melbourne's CBD, local cafés, restaurants, shopping, sporting venues and entertainment, with excellent public transport connections making commuting and exploring the city effortless.

Opportunities of this nature are exceptionally rare. With three separate apartments held under one title, the possibilities are almost endless—live in one, rent the others, lease all three, explore short-term accommodation options or create a flexible arrangement that suits your long-term goals.
One property. Three apartments. Multiple possibilities. A truly rare Richmond opportunity.




Disclaimer: Every effort has been made to ensure the accuracy of the information provided. Prospective purchasers are advised to carry out their own investigations.
Photo ID is required at our open home inspections for all attendees! Photographs may incorporate virtual furniture staging. All structures depicted remain unaltered.
Type
Apartment
Bedrooms
3
Bathrooms
3
House Size
40 m²

Price guide

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